WHITE STAR FOUNDATION OF FLORIDA I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

STEFAN GLEASON

Phone

3527960795

Tax Period

2024-07-01 to 2025-06-30

WHITE STAR FOUNDATION OF FLORIDA INC, founded in 1983, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $128K in total revenue in fiscal year 2024. The organization ran a surplus of $111K, a strong 86% operating margin.

Mission

FINANCIALLY SUPPORT STUDENTS IN FUNDING THEIR HIGHER EDUCATION THROUGH GRANTS AND SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $12,475

TUITION ASSISTANCE SCHOLARSHIPS AWARDED TO STUDENTS ON THE BASIS OF HIGH SCHOLASTIC ACHIEVEMENT AND GRANTS TO STUDENTS STRIVING TO FULLY LIVE THEIR HIGHER EDUCATION EXPERIENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $116,496

Program Service Revenue $0

Investment Income $24,489

Other Revenue $-12,853

TOTAL REVENUE $128,132

Expense Breakdown

Grants Paid $12,475

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,475

Other Expenses $4,870

TOTAL EXPENSES $17,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,132	$-1,756	-74.0%
Expenses	$17,345	$23,219	-0.3%
Net Income	$110,787	$-24,975	-5.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH M MASON JR	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
STEFAN GLEASON	VICE PRESIDENT/DIRECTOR	2.50	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$128,132	$17,345	$1,049,096	$110,787
2024	$-1,756	$23,219	$912,473	$-24,975
2023	$-4,817	$18,782	$897,841	$-23,599
2022	$176,639	$60,036	$908,970	$116,603
2021	$31,559	$8,900	$842,205	$22,659
2020	$64,395	$68,147	$785,049	$-3,752
2019	$80,080	$76,083	$775,030	$3,997
2018	$141,990	$10,861	$781,165	$131,129

WHITE STAR FOUNDATION OF FLORIDA INC